Key Takeaways

What sparked renewed institutional demand for Bitcoin?

U.S. Bitcoin ETFs saw their largest daily inflows since July, with 5,900 BTC added in one day, signaling strong institutional re-engagement as BTC holds above $114K.

What indicators point to a potential rally past $120K?

Whale accumulation and rising Open Interest, now at $42 billion, suggest growing confidence and momentum for a breakout toward $120K.

Bitcoin [BTC] got a boost this week as U.S. spot ETFs recorded their strongest demand in nearly two months. On the 10th of September, net inflows topped 5,900 BTC — the largest daily intake since mid-July.

That single move was enough to flip the week’s balance back into positive territory, hinting that institutional buyers are re-engaging just as BTC steadies above $114,000.

The timing matters. BTC ETF flows often act as a proxy for professional sentiment. The return of steady inflows suggests a renewed appetite for exposure at these levels.

If momentum holds, the next obvious question is whether this inflow pressure can power a breakout above the $120,000 mark.

BTC whales also lean bullish

At the same time, whale activity has started to pick up.

According to AMBCrypto’s look at CryptoQuant’s whale ratio to exchanges data, the ratio of BTC being moved by large holders versus smaller retail wallets has climbed over the past day.

Rising whale-to-exchange ratios o

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Author: Kelvin Murithi